11.03.28Box TradeIntelligence Eyes 6.1% Asian Box Trade Growth in 2012

TradeIntelligence, the U.K.'s container shipping research company, announced that the intra-Asia trade will be over 22 million TEU in 2012, achieving a 6.1% compound average growth rate (CAGR) from 2006 to 2012. The company defines the intra-Asia trade as the cargo flows between countries in North Asia, Greater China and South East Asia excluding the Indian Subcontinent and Australasia and China is separated into three trading regions to better understand the dynamics of this very large market.

In 2012, Chinese exports will represent 35% of the trade, with a 12% CAGR, the U.K. company said.

Intra-Asia trade declined by 3.1% in 2009, led by a 19% drop in Japanese exports. Recovery in 2010 saw trade growth of 15%. The recovery in electrical machinery, telecom & recording equipment and office machines & ADP in 2010 does indicate economic recovery in the Asian economies with the high tech commodities rebounding, according to Box TradeIntelligence.